Abaxis (ABAX) Beats Earnings And Revenue Estimates In Q4
Zacks Investment Research | Apr 26, 2018 11:33PM ET
Abaxis, Inc. (NASDAQ:ABAX) reported fourth-quarter fiscal 2018 adjusted earnings per share of 42 cents, beating the Zacks Consensus Estimate by 31.3%. Moreover, adjusted earnings rose 27.3% from the year-ago 33 cents.
Full-year 2018 adjusted earnings per share came in at $1.29 in comparison with $1.27 in fiscal 2017. The figure also surpassed the Zacks Consensus Estimate of $1.16.
Total Revenues
In the fiscal fourth quarter, Abaxis recorded revenues of $67.9 million, reflecting an increase of 16.7% from a year ago. The top line also surpassed the Zacks Consensus Estimate of $67 million. Foreign currency exchange fluctuations had a favorable 2% impact on the top line.
Fiscal 2018 revenues were $244.7 million, up 7.7% from the prior fiscal. The figure also beat the Zacks Consensus Estimate of $243.8 million.
Segments in Detail
Revenues from North America (accounting for 80% of total revenues) rose 16.7% to $54.3 million in the reported quarter. Revenues from the international markets (accounting for the rest) improved 16.2% to $13.6 million.
Abaxis,Inc. Price, Consensus and EPS Surprise
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